---
schema_version: "secwatch.filing_event.v1"
accession: "0000745732-24-000006"
form_type: "8-K"
ticker: "ROST"
cik: "0000745732"
company_name: "ROSS STORES, INC."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T04:24:45.965292+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ross Stores beats Q4 expectations with EPS $1.82, raises dividend, authorizes $2.1B buyback

## Summary
- Q4 EPS $1.82 vs $1.31 prior year; net income $610M (up 36%); sales $6.0B; comp store sales +7%.
- Fiscal 2023 EPS $5.56 vs $4.38; net earnings $1.9B on $20.4B sales; comp sales +5% (incl. 53rd week benefit).
- Board approved new $2.1B two-year stock repurchase program (11% increase) and raised quarterly dividend 10% to $0.3675/share.
- FY2024 guidance: same store sales +2%-3%; EPS $5.64-$5.89; Q1 EPS $1.29-$1.35.
- CEO cites improved assortments driving sales; cautious outlook due to elevated housing, food, and gasoline costs.

## SEC filing metadata
- accession: 0000745732-24-000006
- form_type: 8-K
- ticker: ROST
- cik: 0000745732
- company_name: ROSS STORES, INC.
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/745732/000074573224000006/0000745732-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/745732/000074573224000006/rost-20240305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000745732-24-000006
- JSON: https://secwatch.observer/filing/0000745732-24-000006.json
- Plain text: https://secwatch.observer/filing/0000745732-24-000006.txt

## Key facts
- Earnings Releases
  ROSS STORES, INC. reported the 13 weeks ending May 4, 2024 results: EPS $1.29 to $1.35. Guidance initiated.
  - Period: the 13 weeks ending May 4, 2024
  - EPS: $1.29 to $1.35
  - Guidance: initiated
  - Result: guidance update
  source text: For the 13 weeks ending May 4, 2024, comparable store sales are forecast to be up 2% to 3% with earnings per share projected to be $1.29 to $1.35, up from $1.09 in the first quarter ended April 29, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/745732/000074573224000006/0000745732-24-000006-index.htm
- Earnings Releases
  ROSS STORES, INC. reported the 14 weeks ended February 3, 2024 results: revenue $6.0 billion, net income $610 million, EPS $1.82.
  - Period: the 14 weeks ended February 3, 2024
  - Revenue: $6.0 billion
  - Net income: $610 million
  - EPS: $1.82
  - Result: reported results
  source text: ROSS STORES REPORTS RESULTS FOR FOURTH QUARTER AND FISCAL 2023 ANNOUNCES NEW TWO-YEAR STOCK REPURCHASE AUTHORIZATION AND RAISES QUARTERLY CASH DIVIDEND PROVIDES FIRST QUARTER AND FISCAL 2024 GUIDANCE Dublin, California, March 5, 2024 -- Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 14 weeks ended February 3, 2024 of $1.82, up from $1.31 per share for the 13 weeks ended January 28, 2023. Net income for the period rose to $610 million versus $447 million last year. Sales for the 14 weeks ended February 3, 2024 grew to $6.0 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/745732/000074573224000006/0000745732-24-000006-index.htm
- Earnings Releases
  ROSS STORES, INC. reported the 53 weeks ended February 3, 2024 results: revenue $20.4 billion, net income $1.9 billion, EPS $5.56.
  - Period: the 53 weeks ended February 3, 2024
  - Revenue: $20.4 billion
  - Net income: $1.9 billion
  - EPS: $5.56
  - Result: reported results
  source text: Fiscal 2023 earnings per share for the 53 weeks ended February 3, 2024 grew to $5.56, up from $4.38 in the 52-week fiscal 2022 year ended January 28, 2023. Net earnings for fiscal 2023 were $1.9 billion on sales of $20.4 billion, up from net earnings of $1.5 billion in fiscal 2022 on sales of $18.7 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/745732/000074573224000006/0000745732-24-000006-index.htm
- Earnings Releases
  ROSS STORES, INC. reported the 52 weeks ending February 1, 2025 results: EPS $5.64 to $5.89. Guidance initiated.
  - Period: the 52 weeks ending February 1, 2025
  - EPS: $5.64 to $5.89
  - Guidance: initiated
  - Result: guidance update
  source text: For the 52 weeks ending February 1, 2025, the Company is planning same store sales to grow 2% to 3% on top of a solid 5% gain in 2023. Based on these assumptions, fiscal 2024 earnings per share are projected to be $5.64 to $5.89 compared to $5.56 for the fiscal year ended February 3, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/745732/000074573224000006/0000745732-24-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.